Financial Times FT.com

Oil and gas chiefs win bonuses despite missing targets

By Carola Hoyos in London

Published: November 29 2009 18:20 | Last updated: November 29 2009 18:20

Several oil and natural gas companies in the US and Europe boosted their chief executives’ remuneration last year, in spite of often missing performance targets or other measures of investor value, data collected by the Financial Times show.

The most significant bonus of 2008 was that of Aubrey McClendon, chief executive of Chesapeake Energy, one of the US’s biggest natural gas producers.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this